OpenAI director seeks investment of up to $7 trillion for AI chip project - Media

OpenAI CEO Sam Altman plans to raise between $5 trillion and $7 trillion in investment for a massive infrastructure project to produce artificial intelligence chips.

Here's What We Know

According to media reports, Altman is already in talks with potential investors, including the UAE government. In this way, he wants to increase global production capacity to meet the rapidly growing demand for AI chips.

Altman himself has previously repeatedly emphasised that the current shortage of chips is holding back the growth of OpenAI. In his view, building a large-scale infrastructure for AI is critical to future technological competitiveness.

The initiative follows Altman's previous investments in chip manufacturing. The current leader in this area is NVIDIA with a market share of around 80 per cent.

Go Deeper:

• The head of OpenAI travelled to South Korea for meetings with Samsung and SK Hynix

Source: CNBC